Insurance Fully Comp or Third F & T ?

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Spongefinger
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Insurance Fully Comp or Third F & T ?

Post by Spongefinger » Tue Apr 07, 2020 9:05 pm

Hi all,

I was supposed to be doing my DAS next month but...well you know what. Anyway gave me a chance to look into stuff and been thinking about insurance. From what I've seen if you have a cheap bike and have an accident there is a good chance it will be classed as a write off as repair costs will be high compared to value of bike. This in mind if you do have a cheap bike is it worth getting fully comp ? Thoughts.

Cheers.



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Re: Insurance Fully Comp or Third F & T ?

Post by Stu » Tue Apr 07, 2020 9:10 pm

Most of the time fully comp is cheaper
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Re: Insurance Fully Comp or Third F & T ?

Post by Spongefinger » Tue Apr 07, 2020 9:26 pm

Stu wrote:
Tue Apr 07, 2020 9:10 pm
Most of the time fully comp is cheaper
Oh ok I just assumed third party was cheaper 🤣

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Re: Insurance Fully Comp or Third F & T ?

Post by skyrider » Tue Apr 07, 2020 9:39 pm

i think it used to be but everything changes as you go through life :lol:
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Re: Insurance Fully Comp or Third F & T ?

Post by Bender » Tue Apr 07, 2020 10:12 pm

Third party used to be cheaper but now its often the most expensive as they think you are a scroat so charge 3 times what fully comp is, go figure
Last edited by Bender on Wed Apr 08, 2020 7:09 am, edited 1 time in total.
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Re: Insurance Fully Comp or Third F & T ?

Post by FallingDown » Wed Apr 08, 2020 1:39 am

Spongefinger wrote:
Tue Apr 07, 2020 9:26 pm
Stu wrote:
Tue Apr 07, 2020 9:10 pm
Most of the time fully comp is cheaper
Oh ok I just assumed third party was cheaper 🤣
Yeah I was surprised to find this out but does seem the case. Maybe not for younger folks I'm not sure. Compare the market lets you put in the details once then tweak thinks like cover level and excess to see what works. Also if your job isn't that specific look at your occupation. It can make a big difference.

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Re: Insurance Fully Comp or Third F & T ?

Post by BIKERDAD » Wed Apr 08, 2020 8:39 am

Bender wrote:
Tue Apr 07, 2020 10:12 pm
Third party used to be cheaper but now its often the most expensive as they think you are a scroat so charge 3 times what fully comp is, go figure


It used to be but as said above. Also they know that they can always makeahite up like we not paying.out because it's a bank holiday and you didnt have suncream in your bag .

We not.paying out because you had the right indicator on the left and the left indicator on the right but there universal dont matter .

Dont think you get a good time because your your fully comp.compred to tp.f.t they screw you if then can no matter what..

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Re: Insurance Fully Comp or Third F & T ?

Post by FallingDown » Wed Apr 08, 2020 10:07 am

BIKERDAD wrote:
Wed Apr 08, 2020 8:39 am
Bender wrote:
Tue Apr 07, 2020 10:12 pm
Third party used to be cheaper but now its often the most expensive as they think you are a scroat so charge 3 times what fully comp is, go figure


It used to be but as said above. Also they know that they can always makeahite up like we not paying.out because it's a bank holiday and you didnt have suncream in your bag .

We not.paying out because you had the right indicator on the left and the left indicator on the right but there universal dont matter .

Dont think you get a good time because your your fully comp.compred to tp.f.t they screw you if then can no matter what..
Agreed. As far as I'm concerned insurance is just what you pay to stop being harassed by the police.

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Re: Insurance Fully Comp or Third F & T ?

Post by runningman » Wed Apr 08, 2020 10:26 am

Your excess could be more than the bike is worth too.....that would make fully comp pretty useless.

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Re: Insurance Fully Comp or Third F & T ?

Post by onesea » Fri Apr 10, 2020 7:45 am

runningman wrote:
Wed Apr 08, 2020 10:26 am
Your excess could be more than the bike is worth too.....that would make fully comp pretty useless.
Yes and no, they will chase 3rd party harder.
£600 pound excess bike worth £500
Damage to 3rd party 3k liability £3500 total loss of £2900
100 your fault loss to insurer pays £2900
50/50 settlement insurer pays £1750
Not your fault 3rd party pays all, and your excess, but you ride motorcycles so that never happens...

It's not that clear cut but unless massive difference in premium it's worthy of consideration.
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Re: Insurance Fully Comp or Third F & T ?

Post by Pbassred » Fri Apr 10, 2020 8:47 am

if your job isn't that specific look at your occupation. It can make a big difference.
Which occupations are cheapest?
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Re: Insurance Fully Comp or Third F & T ?

Post by winston smith » Fri Apr 10, 2020 12:48 pm

Pbassred wrote:
Fri Apr 10, 2020 8:47 am
if your job isn't that specific look at your occupation. It can make a big difference.
Which occupations are cheapest?
As with many things in insurance that varies between companies, and also changes from time to time.
And its very often not logical - I know from experience that teachers are lower risk occupation while a lot of them are atrocious drivers.

Best to use a comparison site and try different occupations from their list that fits with what you do for a job

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Re: Insurance Fully Comp or Third F & T ?

Post by Tiggie » Fri Apr 10, 2020 1:09 pm

FallingDown wrote:
Wed Apr 08, 2020 1:39 am
Also if your job isn't that specific look at your occupation. It can make a big difference.
I run a fish shop so usually put down i'm a fryer. Found if I put manager down it knocked £44 off for the year :lol:

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Re: Insurance Fully Comp or Third F & T ?

Post by Pie man » Fri Apr 10, 2020 3:19 pm

I would choose the best you can afford. My choice is fully comp with legal expenses insurance. I have needed it in the past :thumb:

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Re: Insurance Fully Comp or Third F & T ?

Post by JackieOWheels » Fri Apr 10, 2020 8:52 pm

Lol, knowing what occupation is cheaper doesn't really mean we can use it though? Like I know folk who work in emergency services who claim their insurance is cheaper but unless I work in that field I can't exactly use that in my quote. :lol:
Ride safe everyone, hope to see you all out there!

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